The Alibaba Group Holdings Ltd. headquarters stand illuminated at night ahead of the annual November 11 Singles’ Day online shopping event in Hangzhou, China, on Sunday, Nov. 10, 2019. Qilai Shen | Bloomberg | Getty Images Alibaba has fired the head of its fast-growing livestreaming business for allegedly engaging in […]
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Forget summer: These luxury cabins are right for autumn getaways
From self-guided fall foliage tours to weekends at the lake, booking a secluded cabin is an easy way to avoid crowds this autumn. Cabins today come in every incarnation imaginable, from traditional log designs to modern wonders, and in sizes ranging from palatial estates to one-room shacks located smack in […]
How Hong Kong beat coronavirus and avoided lockdown
When Apple closed its retail stores around the globe amid the coronavirus pandemic, a handful of outlets were exempt, including its six locations in Hong Kong. In fact, much of Hong Kong has felt relatively normal this year compared with its peers, which enacted strict lockdown measures. Since its first confirmed […]
Ex-Obama advisor says mailing every American a mask would be an ‘incredibly’ efficient stimulus
Former Obama economic advisor Jason Furman told CNBC on Thursday that the U.S. government should consider mailing everyone a face covering to help slow the spread of the coronavirus. “A fiscal stimulus plan that would have incredibly high bang for the buck would be for the government to print up masks […]
IPOs in Hong Kong and Shanghai pop, despite pandemic, tensions with the U.S.
The Hong Kong exchange building. Vincent Isore | IP3 | Getty Images Initial public offerings (IPOs) in greater China jumped in the first half of this year, bucking the declines seen elsewhere due to the impact of the coronavirus pandemic. In the first six months, listings in greater China were […]
America in Crisis: Economic turning point
NBC’s Stephanie Ruhle, CNBC’s Wilfred Frost, and Telemundo’s Jose Diaz Balart anchor an hour of coverage tied to the economic crisis that’s hitting millions of Americans because of the pandemic. They’ll be joined by newsmakers and real Americans feeling the impact personally. 51:00 21 minutes ago Free America Network Articles
FedEx, which paid $205 million for naming rights to the Washington Redskins’ stadium, asks team to change its name
A Washington Redskins helmet is seen on the field before the game between the Washington Redskins and the Philadelphia Eagles at FedExField on December 15, 2019 in Landover, Maryland. Scott Taetsch | Getty Images FedEx has asked the Washington Redskins to change its team name, which many people consider a […]
Cramer’s week ahead: Big business is bouncing back, and bouncing back with a vengeance
CNBC’s Jim Cramer said Thursday that last month’s surprising jobs report is why investors should take a barbell approach to the market. He warned, however, that the jobs number is a glimpse into the post-coronavirus future as more states roll back their phased reopenings from the monthslong lockdown. “That’s what […]
Tesla ended reduced salaries this week, says internal email
People looking at a Tesla car on display at a showroom in Beijing. Noel Celis | AFP via Getty Images Tesla told employees it ended a season of reduced pay for its salaried workers on June 29, 2020, as expected, according to internal correspondence obtained by CNBC. In mid-April, the […]
Coronavirus live updates: Texas mandates face coverings; jobs may not fully recover in some U.S. industries
Efforts to fully reopen the U.S. economy are faltering as 19 states pause or reverse plans to ease restrictions on business as new cases spike across the country. Despite the surge of infections, Vice President Mike Pence told CNBC the White House wants to press ahead with reopening after job […]